Interesting... Melior has a fully diluted 34.5M shares (29M undiluted) on offer, MLM have 302.2M shares (undiluted)... So based on a 1 MLR to 20 MLM shares this would value MLM at ~12.6M a 27% premium to the current SP...
That said Melior are carrying USD$7.7M of debt and only USD$1.7M cash, compared to MLM that have A$6.6M in cash and no debt....
Will be interesting when the MLM reports come out, definitely provides synergies and potential second revenue stream.... However with 1:20 we will have an extra 580M shares on the book taking total MLM shares on offer to 882M which is a massive massive dilution...
I also don't see any exploration upside in MLR, however MLM do have HMS and silica - so overall without seeing the report from MLM yet I am disappointed on face value...
- Forums
- ASX - By Stock
- MLM
- News: MLM Melior Announces Merger With ASX Listed Metallica Minerals Ltd
News: MLM Melior Announces Merger With ASX Listed Metallica Minerals Ltd, page-2
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLM (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.95M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 188363 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 300000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 188363 | 0.025 |
3 | 38245 | 0.024 |
2 | 55000 | 0.023 |
1 | 800000 | 0.022 |
1 | 30000 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 300000 | 1 |
0.028 | 25000 | 1 |
0.029 | 100000 | 1 |
0.030 | 473688 | 4 |
0.031 | 43478 | 1 |
Last trade - 16.12pm 28/03/2024 (20 minute delay) ? |
Featured News
MLM (ASX) Chart |
Day chart unavailable
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online